DMLRY - Mercedes-Benz electric vehicles sales tripled in Q1

Mercedes-Benz (OTCPK:DDAIF) reports deliveries of S-Class vehicles rose 67% in Q1 and sales of plug-in hybrid and battery electric vehicles reach 67,800 units despite semiconductor supply shortage and COVID-19 restrictions affected business. The top-selling model GLC delivered 100,400 units in the quarter. The company tripled sales of battery electric EQ models to reach 21,900 units, +210%. Plug-in hybrid vehicles grew 8% to 45,900 units. Battery powered vans sales up 133% to 2,700 units. Check the most recent analysis on stock here. Wall Street Analysts rates the stock as Strong Buy.

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Mercedes-Benz electric vehicles sales tripled in Q1